public finance vs mid-corp

Trying to decide:

Facts- Analyst Level, BB, my understanding is that mid-corp analyst is MM I-Banking, vs Public Finance which is top 3 in geographic region

Questions- Exit Opps? Hours? Pay? B-School Factor?

Thanks

8 Comments
 
iBANKhardI don't know anything about the mid-corp gig at JPM, but if it truly is like i-banking for MM companies, I'd take that over the public finance job,

Public finance is a good career, but exit opps are severely limited.

thanks

 

Public Finance typically has very laid back hours (face time is basically 9-5 at some places) since your clients aren't corporations (ie, in it to profit).

 

Public finance is dealing with municipalities, cities, stuff like that. Mid corporate banking is just one of the tiers JPM has. Some smaller banks would just lump it into corporate banking. Neither are IB and neither will have IB hours, but pay should be decent. The choice is really yours, but PF is pretty cool. Really depends on what you would like to get into. Exit ops will be within the Corp banking space.

 

Modern Day Yuppie, not so fast.

Public finance is not a 9-5 job. Its 8-midnight at the analyst level at the BBs and is is around 9-8 at the mid tier banks. Clients vary from state and city governments, hospitals and utilities cooperatives. It all depends on group placement.

The the exit opportunities are smaller than traditional IB, but they include working for clients, ratings firms, tax exempt funds ect.

Can anyone add some more to the list?

 

Omnis doloribus ut consequuntur velit atque voluptatem. Dolores voluptatem ea voluptas doloribus repellendus id.

Quos eveniet architecto voluptatum ipsa facere officiis. Rerum voluptates officia soluta nobis dolorum dolores eligendi. Ea dolor enim quia mollitia deserunt repudiandae. Ipsum voluptatem consequuntur at provident.

Aut ea minima ducimus eligendi molestias facere id provident. Quas dicta veritatis aut.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • Goldman Sachs 02 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
dosk17's picture
dosk17
98.9
9
DrApeman's picture
DrApeman
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”